so what is the interpretation (if anyone can contribute at this stage) as to how the assay results for the different holes contribute towards MRE consideration after in-fill program (that is yet to come) - is it open pit mining for top 200m of which 50-60m is sand cover, is it block cave mining for deeper layers or both in parallel?
What aspects of the drill results so far make this a monster - the top 200m over supposed 4x5 km sq area, a portion of 4x5 sq kms but to depths of +1000m? Or both?
Eager to understand is the current market dynamic more ill-informed hype and fomo or one that is fuelled by massive “mineable” opportunities that Mulga Tank presents. Or simply put, why would any of this excite BHP and other interested parties to part with billions in the future by rating this equivalent or better than Mt Keith and other deposits? The recent articles posted on hc gave the economic rationale why large low grade deposits can be economical but I am unclear what portion of WMG findings so far contribute towards an economically mineable deposit.
Prior to WMG, Impact had identified Mulga Tank’s potential with similar exploration activities, but was it not the right time back then for them? Also, in comparison to other nickel players, MT clearly has better potential given its size (and depth?) as many of these players have Nickel that is present at depth. Hence keen to understand the WMG opportunity in comparison to Mt Keith, Perseverance, Nova, Aston etc.
In the meantime, WMG continues drilling across the MT complex and we await more (positive) news
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